Last week I listed 6 characteristics in considering a college or university. The 6th factor was “Financial” considerations. I truly do believe that it can’t be the first or even an initial limiting factor when students are considering lists of colleges. But it has to become a factor eventually and can even be a positive if you know how to manage the parties involved.
Unfortunately, through a host of reasons, student loan debt has become astronomical. Please, read this article and make note of the huge implications of choosing unwisely. The implications are no longer just for the student. Trends are indicating parents will carry a lot of the debt throughout their own retirement. Click here for Bottom Line article.
So, by planning wisely and effectively choosing a college major, you can reduce your potential for extending a four year bachelor degree into a 6 year bachelor degree and/or a disappointing employment disaster into a marketable major. Effective planning is not just about a financial plan. It’s about how you plan to make a good college decision, how you spend your four years on that first degree, and about how your investment will pay for itself in the long run. Need help? Contact me.